L
lisa locker
Guest
What is the name of your state? What is the name of your state? Tennessee
parents died without a will.
3 adult children
Assets: $20,000 cash
house in poor condition ...appraised value $25,000
2 children want to take the $20,000 and fix up the old house and let some of the unmarried grandkids (theirs) live in it rent free. I disagree.
I understand that in this state each child is entitled to 1/3 of the estate. Can I force the sell of the house "as is" with the proceeds divided equally among the 3 or force the other 2 to "buy me out" and pay me 1/3 the appraised value, their choice?
I will never agree to using the $20,000 to invest in the old house. I am most concerned about what to do about the house. How do I "force" them to make a decision in a timely manner? Is there any other option?
parents died without a will.
3 adult children
Assets: $20,000 cash
house in poor condition ...appraised value $25,000
2 children want to take the $20,000 and fix up the old house and let some of the unmarried grandkids (theirs) live in it rent free. I disagree.
I understand that in this state each child is entitled to 1/3 of the estate. Can I force the sell of the house "as is" with the proceeds divided equally among the 3 or force the other 2 to "buy me out" and pay me 1/3 the appraised value, their choice?
I will never agree to using the $20,000 to invest in the old house. I am most concerned about what to do about the house. How do I "force" them to make a decision in a timely manner? Is there any other option?